Termination, Suspension, or Expiration of Project. If Grantee abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by Grantee is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to Grantee, to (i) suspend any further fundings of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. If Triumph issues a final termination or revocation notice resulting from Grantee’s default, abandonment, or discontinuance of the Project, then in accordance with Section
Termination, Suspension, or Expiration of Project. If GCSD abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by GCSD is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to GCSD, to (i) suspend any further disbursements of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. If Triumph issues a final termination or revocation notice, then in accordance with Section 8.4 below GCSD shall upon written demand by Triumph repay to Triumph all portions of the Grant theretofore disbursed to and received by GCSD.
Termination, Suspension, or Expiration of Project. If WCSO abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by WCSO is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to WCSO, to (i) suspend any further disbursements of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. If Triumph issues a final termination or revocation notice, then in accordance with Section 8.4 below WCSO shall upon written demand by Triumph repay to Triumph all portions of the Grant theretofore disbursed to and received by WCSO.
Termination, Suspension, or Expiration of Project. If Grantee abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by Grantee is rendered improbable, infeasible, impossible, or illegal (each, a “Project Completion Defect”), Triumph shall have the right, by written notice to Grantee, to (i) suspend any further fundings of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such Project Completion Defect has ceased or been corrected, and/or (ii) revoke and terminate the Grant; provided, however, that Grantee shall have thirty (30) days following receipt of such notice to cure such Project Completion Defect. If Triumph issues a final termination or revocation notice resulting from Xxxxxxx’s failure to timely cure a Project Completion Defect, then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all of the Grant previously received by Xxxxxxx.
Termination, Suspension, or Expiration of Project. If (a) Grantee abandons or, before completion, finally discontinues the Project; or for any other reason, the commencement, prosecution, or timely completion of the Project by Grantee is rendered improbable, infeasible, impossible, or illegal, and/or (b) the Company abandons or discontinues construction and completion of the C&E Improvements or for any reason the commencement, prosecution, or timely completion of the C&E Improvements is rendered improbable, infeasible, impossible, or illegal, Triumph will, by written notice to Grantee, suspend any or all of its obligations under this Agreement until such time as the event or condition resulting in such suspension has ceased or been corrected, or Triumph may terminate any or all of its obligations under this Agreement. Upon receipt of any final termination or suspension notice, Grantee shall upon demand by Triumph remit to Triumph all or a portion of the Grant previously received.
Termination, Suspension, or Expiration of Project. If FCSB abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by FCSB is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to FCSB, to (i) suspend any further disbursements of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. If Triumph issues a final termination or revocation notice, then in accordance with Section 8.4 below FCSB shall upon written demand by Triumph repay to Triumph all portions of the Grant theretofore disbursed to and received by FCSB.
Termination, Suspension, or Expiration of Project. If Grantee abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by Grantee is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to Grantee, to (i) suspend any further fundings of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. Following such notice Grantee shall have thirty (30) days to correct such event or condition. If Grantee fails to correct such event or condition within such thirty (30) day period, Triumph shall have the right to issue a final termination or revocation notice resulting from Grantee’s default, abandonment, or discontinuance of the Project, in which case in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of the Grant theretofore funded to and received by Grantee.
Termination, Suspension, or Expiration of Project. If Grantee abandons, suspends, or discontinues the Project, or fails to complete the purchase and renovation of the Property by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by Grantee is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to Grantee, to (i) suspend any further fundings of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or
Termination, Suspension, or Expiration of Project. If Okaloosa County abandons or, before completion, suspends or discontinues the Project, or fails to complete the Project by Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by Okaloosa County is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to Okaloosa County, to (i) suspend any further disbursements of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. If Triumph issues a final termination or revocation notice, then in accordance with Section 8.4 below Okaloosa County shall upon written demand by Triumph repay to Triumph all portions of the Grant theretofore disbursed to and received by Okaloosa County.
Termination, Suspension, or Expiration of Project. If SRC abandons, suspends, or discontinues the Project, or fails to complete the Project by the Completion Deadline set forth in Section 5.1 above (subject to force majeure events), or for any other reason, the commencement, prosecution, or timely completion of the Project by SRC is rendered improbable, infeasible, impossible, or illegal, Triumph shall have the right, by written notice to SRC, to (i) suspend any further disbursements of the Grant and/or any or all of Triumph’s other obligations under this Agreement until such time as the event or condition resulting in such abandonment, suspension, or discontinuation has ceased or been corrected, and/or (ii) revoke and terminate the Grant. If Triumph issues a final termination or revocation notice, then in accordance with Section 8.4 below SRC shall upon written demand by Triumph repay to Triumph all portions of the Grant theretofore disbursed to and received by SRC.
